Liberty Broadband Co. (NASDAQ:LBRDK) Shares Purchased by Aire Advisors LLC

Aire Advisors LLC boosted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 83.2% in the fourth quarter, Holdings Channel reports. The fund owned 29,880 shares of the company’s stock after purchasing an additional 13,569 shares during the period. Aire Advisors LLC’s holdings in Liberty Broadband were worth $2,234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of LBRDK. Vanguard Group Inc. raised its stake in shares of Liberty Broadband by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company’s stock worth $827,176,000 after purchasing an additional 95,599 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Liberty Broadband by 11.6% in the 4th quarter. LPL Financial LLC now owns 5,755 shares of the company’s stock worth $430,000 after acquiring an additional 599 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Liberty Broadband in the fourth quarter valued at about $1,839,000. Sei Investments Co. boosted its holdings in shares of Liberty Broadband by 5.0% in the fourth quarter. Sei Investments Co. now owns 19,534 shares of the company’s stock valued at $1,460,000 after acquiring an additional 939 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Liberty Broadband by 13.3% during the fourth quarter. American Century Companies Inc. now owns 34,518 shares of the company’s stock worth $2,581,000 after purchasing an additional 4,039 shares in the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Liberty Broadband in a research report on Friday. They set a “sell” rating on the stock.

Liberty Broadband Trading Up 1.3 %

Shares of LBRDK opened at $84.81 on Tuesday. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $101.50. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $12.15 billion, a P/E ratio of 15.62 and a beta of 1.06. The firm’s 50-day moving average is $80.37 and its two-hundred day moving average is $79.63.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $252.50 million. On average, research analysts predict that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Liberty Broadband Profile

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.